What is Endocrine Testing System Market Scope?
The system includes the endocrine glands like the pituitary, thyroid, pancreas, adrenal, etc. These glands secrete hormones that regulate the body’s metabolism, growth, sexual development, and performance. Endocrine tests facilitate assessing the traditional functioning of the secretor by checking the internal secretion levels. The tests find an imbalance in secretion levels. The endocrine testing market is driven by the increasing incidences of endocrine disorders like polygenic disorder, thyroid disorders, physiological conditions, etc. This has conjointly resulted in the development of recent technologies, which is driving the expansion of this market. High development prices needed for developing new technologies might impede the expansion of this market. The opportunities for this market are tremendous as rising incidences of endocrine disorders and increasing health care awareness would need speedy, sensitive, and affordable tests.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Agilent Technologies (United States), Abbott Laboratories (United States), Biomedical Diagnostics (United States), Bio-Rad Laboratories Inc. (United States), F.Hoffman-La Roche Ltd (Switzerland), ImmunoDX (United States), Laboratory Corporation (United States), Nano EnTek (South Korea), Siemens AG (Germany) and Thermo Fisher Scientific Inc. (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Endocrine Testing System market study is being classified by Type (Estradiol (E2) Test, Follicle Stimulating Hormone (FSH) Test, Human Chorionic Gonadotropin (HCG) Hormone Test, Luteinizing Hormone (LH) Test, Dehydroepiandrosterone Sulfate (DHEAS) Test, Progesterone Test and Others), by Application (Hospitals, Commercial Laboratories, Ambulatory Care Centers, Home-based tests and Other settings) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Endocrine Testing System market throughout the predicted period.
Agilent Technologies (United States), Abbott Laboratories (United States), Biomedical Diagnostics (United States), Bio-Rad Laboratories Inc. (United States), F.Hoffman-La Roche Ltd (Switzerland), ImmunoDX (United States), Laboratory Corporation (United States), Nano EnTek (South Korea), Siemens AG (Germany) and Thermo Fisher Scientific Inc. (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Endocrine Testing System market by Type, Application and Region.
On the basis of geography, the market of Endocrine Testing System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In July 2020, Renalytix AI and Mount Sinai Health System collaborated to study COVID-19 patients and their risk of acute and chronic kidney disease. The study, Prediction of Major Adverse Kidney Events and Recovery (Pred-MAKER), will use the KidneyIntelX to analyze plasma and urine biomarkers in admitted patients.
In May 2020, Roche acquired Stratos Genomics to further develop DNA-based sequencing for diagnostic use of endocrine diagnostics., In March 2020, Thermo Fisher Scientific proposed to acquire QIAGEN N.V. as this acquisition would expand its specialty diagnostics portfolio with attractive molecular diagnostics capabilities, including infectious disease testing like the endocrine diagnosis. and In July 2019, Thermo Fisher Scientific announced a 3-year, collaboration with the Ontario Institute for Cancer Research (OICR) and Genome Canada to develop targeted next-generation sequencing-based assays and analysis software to test the cases of diseases.
The development of new endocrine disruption-relevant test methods has been the subject of intensive research efforts for the past several decades, prompted in part by mandates in the 1996 Food Quality Protection Act (FQPA).
Influencing Market Trend
- Increasing Trend of Adoption of The Diagnosis Techniques
Market Drivers
- The Surge in Number of People with Endocrine and Metabolic Disorders
- The Prevalence of Diabetes and PCOS Have Increased
- Constant Rise in The Geriatric Population
Opportunities
- The Key Players Are Investing in Research and Development
- Increasing Efforts from The Government to Spread Awareness About Various Programs
Restraints
- High Cost of The Technology
Challenges
- Lack of Healthcare Infrastructure
- Lack of Skilled Personnel
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Endocrine Testing System, Venture Capitalists and Private Equity Firms and End-Use Industry
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.